---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-014727"
form_type: "8-K"
ticker: "ACRE"
cik: "0001529377"
company_name: "Ares Commercial Real Estate Corp"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:23:52.351436+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ACRE reports Q1 GAAP net loss $0.12/share; Distributable Earnings $0.27/share; declares Q2 dividend

## Summary
- GAAP net loss $6.4M ($0.12 diluted EPS); Distributable Earnings $15.1M ($0.27).
- Declared Q2 2023 regular dividend $0.33/sh and supplemental $0.02/sh, payable July 18.
- Net debt-to-equity below 2.0x; cash >$150M (over 20% of equity) as of March 31.
- Distributable Earnings include $0.10/sh realized loss; without loss, would have been $0.37/sh.
- Management emphasizes progress on watch-list assets and bank retrenchment opportunity.

## SEC filing metadata
- accession: 0001628280-23-014727
- form_type: 8-K
- ticker: ACRE
- cik: 0001529377
- company_name: Ares Commercial Real Estate Corp
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529377/000162828023014727/0001628280-23-014727-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529377/000162828023014727/acre-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-014727
- JSON: https://secwatch.observer/filing/0001628280-23-014727.json
- Plain text: https://secwatch.observer/filing/0001628280-23-014727.txt

## Key facts
- Earnings Releases
  Ares Commercial Real Estate Corp reported first quarter of 2023 results: net income GAAP net loss of $6.4 million or $0.12 per diluted common share.
  - Period: first quarter of 2023
  - Net income: GAAP net loss of $6.4 million or $0.12 per diluted common share
  - Result: reported results
  source text: On May 2, 2023 , the registrant issued a press release announcing its financial results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529377/000162828023014727/0001628280-23-014727-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.